Nippon India Dynamic Bond Fund-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 30, 2024
10.47-0.06%
- IDCW Quarterly - Regular
(Earn upto 0.39% Extra Returns with Direct Plan)
Fund Category:
Debt: Dynamic Bond
Expense Ratio:
0.71%(1.10% Category
average)Fund Size:
Rs. 4,576.03 Cr(13.69% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Nippon India Dynamic Bond Fund-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 30, 2024
10.47-0.06%
Expense Ratio:
0.71%
Fund Size:
Rs. 4,576.03 Cr
Fund Category:
Debt: Dynamic Bond
1. Current NAV: The Current Net Asset Value of the Nippon India Dynamic Bond Fund as of Aug 30, 2024 is Rs 10.47 for IDCW Quarterly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 8.18% (1yr), 5.76% (3yr), 5.99% (5yr) and 6.49% (since launch). Whereas, Category returns for the same time duration are: 8.36% (1yr), 5.79% (3yr) and 6.16% (5yr).
3. Fund Size: The Nippon India Dynamic Bond Fund currently holds Assets under Management worth of Rs 4576.03 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.71% for Regular plan as on Aug 16, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Nippon India Dynamic Bond Fund-IDCW Quarterly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.94 2.73 4.49 8.21 5.71 5.99 Category Avg 0.92 2.49 4.27 8.30 5.75 6.17 Rank within Category 11 6 7 12 10 11 No. of funds within Category 23 23 23 23 22 20 - Loading...
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Return Comparison
- This Fund
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Nippon India Dynamic Bond Fund-IDCW Quarterly Fund Details
Investment Objective - The scheme aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments.
Fund House | Nippon India Mutual Fund |
Launch Date | Oct 06, 2012 |
Benchmark | NIFTY Composite Debt Index A-III |
Return Since Launch | 6.49% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Nippon India Dynamic Bond Fund-IDCW Quarterly Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 100.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 4.64 | 12.16 | 0.97 | 7.2378 |
Average Maturity(Yrs) | 5.88 | 31.36 | 1.16 | 13.8389 |
Yield to Maturity(%) | 7.33 | 8.1 | 6.93 | 7.2007 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 97.59 | 82.40 |
Low Risk | - | 13.08 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.41 | 4.48 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 7.59 | 65.36 |
CD | - | 0.21 |
T-Bills | - | - |
CP | - | 0.11 |
NCD & Bonds | - | 9.36 |
PTC | - | 0.02 |
Cash & Others | 92.41 | 24.58 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Maharashtra State | Long-term Debt | Others | SOV | 3,020.38 | 6.60 | - |
Tamilnadu State | Long-term Debt | Others | SOV | 2,288.76 | 5.00 | - |
Tamilnadu State | Long-term Debt | Others | SOV | 2,226.95 | 4.87 | - |
GOI | Long-term Debt | Sovereign | SOV | 2,075.55 | 4.54 | - |
Maharashtra State | Long-term Debt | Others | SOV | 1,961.55 | 4.29 | - |
Tamilnadu State | Long-term Debt | Others | SOV | 1,733.89 | 3.79 | - |
Maharashtra State | Long-term Debt | Others | SOV | 1,380.99 | 3.02 | - |
Maharashtra State | Long-term Debt | Others | SOV | 1,282.24 | 2.80 | - |
Tamilnadu State | Long-term Debt | Others | SOV | 1,176.68 | 2.57 | - |
Maharashtra State | Long-term Debt | Others | SOV | 1,132.36 | 2.47 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Nippon India Dynamic Bond Fund-IDCW Quarterly 10.47 4,576.03 0.94 8.21 5.71 5.99 Aditya Birla Sun Life Dynamic Bond Regular Fund-IDCW Quarterly 10.70 1,703.02 1.02 8.26 6.81 5.56 ICICI Prudential All Seasons Bond Fund-IDCW Quarterly 11.70 12,666.98 0.77 7.95 6.27 7.30 Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Regular-IDCW Quarterly 21.96 15.80 0.76 7.58 5.33 6.20 360 ONE Dynamic Bond Fund Regular-IDCW Quarterly 20.25 772.93 1.14 9.02 6.20 6.70
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
2.72VS2.12Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.41VS0.96Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.05VS-0.07Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
0.10VS9.98Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.25VS-0.22Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.67VS5.58Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- V.S.Vivek SharmaSince Jun 20208 schemes
- P.S.Pranay SinhaSince Mar 20212 schemes
Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance). He has been associated with Nippon India Mutual Fund since 2006.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Corporate Bond Fund-IDCW Quarterly Corporate Bond 12.05 3,287.78 7.85 Nippon India Ultra Short Duration Fund-IDCW Quarterly Ultra Short Duration 1,023.90 7,291.01 7.00 Nippon India Banking & PSU Debt Fund-IDCW Quarterly Banking and PSU 10.86 5,345.36 7.45 Nippon India Short Term Fund-IDCW Quarterly Short Duration 14.98 6,213.47 7.54 Nippon India Income Fund ( Quarterly) Medium to Long Duration 13.24 337.75 8.08 Nippon India Low Duration Fund-IDCW Quarterly Low Duration 1,026.30 6,227.95 7.01 Nippon India Low Duration Fund Retail Plan-IDCW Quarterly Low Duration 1,026.05 Unrated 6,227.95 6.84 Nippon India Ultra Short Duration Fund - Segregated Portfolio 1 Regular-IDCW Quarterly Ultra Short Duration 33.46 Unrated 24.07 - Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta. Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Banking & PSU Debt Fund-IDCW Quarterly Banking and PSU 10.86 5,345.36 7.45 Nippon India Nivesh Lakshya Fund Regular-IDCW Quarterly Long Duration 11.60 Unrated 8,037.37 10.34
More Nippon India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Nippon India Small Cap Fund - Growth | 51,566.11 | 7.45 | 24.60 | 23.92 | 57.71 | 34.49 | |
CPSE ETF-Growth | 41,259.61 | 7.28 | 24.62 | 49.14 | 116.94 | 54.92 | |
Nippon India Liquid Fund-Growth | 33,603.87 | 0.60 | 1.85 | 3.73 | 7.24 | 5.66 | |
Nippon India Liquid Fund Retail-Growth | 33,603.87 | 0.55 | 1.73 | 3.47 | 6.65 | 5.04 | |
Nippon India Multi Cap Fund-Growth | 31,963.02 | 6.90 | 20.26 | 26.14 | 53.62 | 33.03 | |
Nippon India Growth Fund - Growth | 27,931.43 | 8.38 | 23.92 | 22.65 | 59.56 | 31.00 | |
Nippon India Large Cap Fund-Growth | 26,925.10 | 5.17 | 11.45 | 17.49 | 39.66 | 24.65 | |
Nippon India Money Market Fund-Growth | 16,562.01 | 0.63 | 1.93 | 3.92 | 7.49 | 6.02 | |
Nippon India Arbitrage Fund-Growth | 15,157.75 | 0.62 | 1.98 | 4.06 | 7.72 | 5.63 | |
Nippon India ELSS Tax Saver Fund-Growth | 15,026.04 | 6.01 | 15.00 | 19.66 | 45.07 | 22.65 |
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1. Nippon India Dynamic Bond Fund is Open-ended Dynamic Bond Debt scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Oct 06, 2012.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments. "
2. It is benchmarked against NIFTY Composite Debt Index A-III.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Nippon India Dynamic Bond Fund is 5.88 years and Duration is 4.63616647 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Nippon India Dynamic Bond Fund-IDCW Quarterly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Nippon India Dynamic Bond Fund-IDCW Quarterly
- Is it safe to invest in Nippon India Dynamic Bond Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Dynamic Bond Fund comes under Moderate risk category.
- What is the category of Nippon India Dynamic Bond Fund?Nippon India Dynamic Bond Fund belongs to the Debt : Dynamic Bond category of funds.
- How Long should I Invest in Nippon India Dynamic Bond Fund?The suggested investment horizon of investing into Nippon India Dynamic Bond Fund is >5 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Nippon India Dynamic Bond Fund?The Nippon India Dynamic Bond Fund is managed by Vivek Sharma (Since Jun 25, 2020) and Pranay Sinha (Since Mar 31, 2021).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.